Founder Group secures $2.36M contract for a 30MW solar plant in Malaysia

3 hours ago 1

Founder Group (NASDAQ:FGL) said on Wednesday that it has secured a contract with prominent solar installation companies in Malaysia.
The company secured RM10M contract for the engineering, procurement, construction, and commissioning of a 30-megawatt large-scale solar photovoltaic plant.
This project awarded is anticipated to contribute nearly 60,000 Renewable Energy Certificates (RECs) to the market.
Upon completion, the solar farm is expected to generate approximately 60,000 MWh of clean energy annually, which is equivalent to offsetting around 40,000 tonnes of CO2 emissions.